Ms. M. Shalton from Bluefin, the Council’s Independent Financial Advisor, attended the meeting to present her report and respond to any queries. Questions were asked as to the current financial position of the investments and discussions took place.

Ms. Shalton had confirmed that the portfolio had shown an improvement in performance. Ms. Shalton therefore recommended that no changes to the underlying investments in the portfolio take place at the current time although Committee were reminded that the growth and income from the investments was not guaranteed, and may fluctuate down as well as up.

RESOLVED - T H A T the report and recommendation of the Independent Financial Advisor be approved.